Jan. 24, 2013 – NCUA‘s next board meeting will address the definition of “rural” district, NCUA Chairman Debbie Matz said during a 19-minute interview with CUBroadcast’s Mike Lawson.
In the interview, which was posted to CUBroadcast on Monday, Matz said the meeting will include discussion about how to make the definition of rural “a little more expansive” so more credit unions can meet the criteria and serve more rural members. The NCUA chairman added that the agency’s near-term 2013 plans include finalizing its rule on Treasury Inflation Protection Securities and continuing to make improvements in its exam process.
In other comments, Matz said:
- NCUA will closely watch Congress’ work on fiscal issues, noting repeal of the credit union tax exemption will “be the end of credit unions.”
- The agency hopes to keep this year’s corporate stabilization and share insurance assessments in the “single digits.” While it’s too early to know, she said the agency hopes further that there will be no share insurance assessment in 2013.
- She doesn’t know who will be nominated to succeed Gigi Hyland on the board. However, she said, “I do believe they will be nominating someone fairly soon.”
- The agency’s Feb. 5 webinar with CFPB Director Richard Cordray will cover how credit unions are affected by the bureau’s ability to repay rule, provide an explanation of the rationale behind it and give credit unions an opportunity to ask questions about the rule. (Participation in the webinar is free, but registration is required.)
- Matz interview on CUBroadcast, 01/21